3 Valuable Money Management Lessons You Can Learn From Squid Game
If
you haven't heard of the new hit series Squid Game, you must be living
under a rock. It's the #1 Netflix show in 91 countries. Everywhere you turn
people are talking about it. This is because Squid Game is truly a
fascinating tale set-in modern-day Seoul, South Korea. The show is full of
greed, loss, extreme violence, and the potential to earn an absolute fortune at
end. In the real world and in Squid Game, a great deal of the population
is riddled with debt. The same holds true for a plethora of Americans.
That's
one of the main reasons why this series hits home for so many of us. In
essence, 456 cash strapped players from all walks of life are enticed into
playing a series of children's survival games. If they lose, they die. However,
the one winner or survivor in this case receives an ultimate prize of
approximately $38 million USD. That's enough money to pay of the winner's
existing debt, and pretty much set them up for life from a financial
standpoint. Squid Game is certainly an imaginative premise that places a
group of strangers together in a series of life of death challenges.
Yet,
as the game and the show move on it becomes more twisted at every turn. It also
provides you with a chance to reflect upon how each of the characters could
have avoided their current financial situation. Furthermore, when you look
beyond the game itself, you'll begin to realize that there are many valuable
money management lessons that you can take from the Squid Game. Here are
a few....
Lesson #1: It's Important to Save Money
Benjamin
Franklin put it simply when he said, "a penny saved is a penny earned." Saving
money is an incredibly important aspect of financial stability. However, there
are great deals of people who simply do not follow this sound advice. Anyone
can save money. It's a matter of discipline. Most of the characters in the Squid
Game are in dire financial situations because they lack discipline and
commitment. In essence, saving money takes a high degree of sacrifice. You need
to ask yourself; do you really need that shiny new item or would it be better
to save the money instead.
Lesson #2: Do Not Take Large Gambles
The
main character of the Squid Game got into financial trouble because he
gambled on horse racing. Another character gambled by making incredibly risky
investments with other people's money. Both characters ended up risking their
lives by playing the Squid Game because they lost at gambling more than
they won. Gambling is tempting for a lot of people because of the potential to
make a significant amount of money in a short period time with little
effort.
However,
it's called "gambling" and not "winning" for a reason. The chances are
incredibly high that you will lose your money gambling. This holds true whether
you're gambling on a sporting event or a risky business proposition. You're far
better off staying away from gambling all together.
Lesson #3: Spend Your Money Wisely
Squid
Game is
full of stories about people who have great struggles with their finances
simply because they made poor choices along the way. However, if you spend your
money wisely you will significantly reduce the odds of getting into financial
trouble. By spending wisely, we are referring to possessing both the confidence
and the knowledge to make the most of the money that you do have. It simply doesn't
matter if you earn a large income or a smaller income. People who spend their
money wisely typically come across far more opportunities to grow their
finances in a healthy manner. They're also able to save money, which can be
important if it's needed on a rainy day.
In
conclusion, the characters in Squid Game made poor financial decisions
to say the least. Eventually, those poor financial decisions pushed them over
the edge. They had no one else to turn to, which forced him or her to resort to
desperate measures that most people would not choose to take. The good news is
that this can be avoided if you follow the money management advice as listed
above.
If you would like to receive more information on making smart money moves for your future, be sure to contact us today!
